Indian Paint Industry estimated to reach INR 70,000 crore by 2021-22: IPA

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Paint & Coatings Skill Council (PCSC), a body affiliated with IPA, announced the launch of an Apprenticeship Training Programme in association with National Skill Development Corporation (NSDC) for developing skilled manpower for the industry.

The Indian Paint Association is the apex body of the Indian Paint Industry representing both the organized sector and the small-scale sector in the paint industry. It is a voluntary non-political and non-profit organization, which promotes the interest of the paint industry and the society.

Speaking on the occasion, Abhijit Roy, President – IPA said, “The Indian Paint Industry currently valued at around Rs. 50,000 Crores is poised to grow at a healthy rate and is expected to reach around Rs.70, 000 Crores by 2021-22. There is a strong co-relation between the Indian Paint Industry and the GDP growth of the country. It has historically surpassed India’s GDP growth by 1.5 to 2 times.”

“Although the implementation of GST regime came in as a challenge initially; the reduction of GST rates from 28% to 18% has come in as a breather for the paint industry,” he further added.

Highlights:

  • 29th Indian Paint Conference – 2019; the largest trade show of the Indian Paint Industry organized in Agra from 11th to 13th January, 2019
  • Themed ‘Paint Pe Charcha – Naye Aayaam’; the Three-Day Conference witnessed congregation of paint industry stalwarts
  • IPA and PCSC announce major strides in its skill development programmes

Paint & Coatings Skill Council (PCSC), a body affiliated with IPA, announced the launch of an Apprenticeship Training Programme in association with National Skill Development Corporation (NSDC) for developing skilled manpower for the industry.

“Skill development has always been one of our prime focus areas. The paint Industry spearhead by the IPA and PCSC has taken big strides in skilling across the country and today our painters have been exposed to not only national but also international painting best-practices,” elaborated Mr. Roy.

The theme of the 29th Indian Paint Conference was ‘Paint Pe Charcha – Naye Aayaam’ signifying in-depth deliberations (Charcha) to discover new dimensions (Naye Aayaam). The Conference witnessed knowledge sharing sessions from leading paint industry stalwarts from India; in addition to select global speakers.

The 29th Indian Paint Conference organized by Indian Paint Association (IPA), the apex body of the Indian paint industry, was inaugurated by Sumit Sawhney, CEO & MD – Renault India and Jayant Krishna, former Executive Director & Chief Operating Officer, National Skill Development Corporation (NSDC) in presence of stalwarts from the Indian paint industry and senior officials from industry bodies like CII.